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CPO futures seen to rise

admin2022-08-253

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“We expect the market to trade with an upward bias with the commodity’s price expected to trade between RM4,000 and RM4,600 per tonne due to the expectation of stronger exports,” palm oil trader David Ng told

PETALING JAYA: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to trend higher this week on the expectation of higher palm oil export estimates by cargo surveyors, said a dealer.

“We expect the market to trade with an upward bias with the commodity’s price expected to trade between RM4,000 and RM4,600 per tonne due to the expectation of stronger exports,” palm oil trader David Ng told Bernama.

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